Additional resources

14.01.2015 - The growth of oil imports in China could not stop the fall in prices

14.01.2015 - The growth of oil imports in China could not stop the fall in prices

The price
of gold yesterday corrected following steady growth caused by investors'
concerns about falling oil prices, the political crisis in Greece and fears of
investors about the prospects for further growth on global stock markets. Among
the reasons for yesterday's correction we should mention positive statistics on
the index of optimism in the US small business, which grew to a maximum of 8
years and was 100.4. At the same time, the number of vacancies in the United
States has increased to a maximum level in 14 years up to 4.97 million. We
maintain our medium-term positive outlook for gold with the objectives of 1252
and 1265 in 1278 dollars per troy ounce.

The price
of oil continued to decline amid expectations of raising US oil inventories. In
addition, in the United Arab Emirates confirmed their intention to maintain the
current volumes of oil production. The dynamics could not be changed even
though the publication of data on oil imports in China, which rose in December
by 13% compared to the same period of the last year, or up to 7.2 million
barrels of oil a day. Today in the US will be published statistics on oil and
petroleum products inventories (15:30 GMT). Oversupply of oil on the market
continues to put pressure on the quotes of commodities. We recommend holding
short positions on oil and keep the medium-term negative outlook.

PAMM accounts

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’

LEGAL: ‘fxfinpro.com’ is a domain owned and operated by ‘PFX Financial Professionals Limited’, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840, having its principal place of business at 82 Nikou and Despina Pattichi Avenue, Maritania Court, Office 101, Kato Polemedia, 3070 Limassol, Cyprus. ‘PFX Financial Professionals Limited’ is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under license number 193/13. ‘PFX Financial Professionals Limited’ operates in accordance with the Markets in Financial Instruments Directive (‘MiFID’) of the European UnionRESTRICTED REGIONS: PFX Financial Professionals Limited does not provide services to citizens of the USA, Canada, Japan, Belgium, North Korea, or Iran

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.